In my last analysis (see below) I was long and exited in the low 42s. I am getting bearish as this level continues having difficulty. Difficult to say if the trend line drawn is very relevant for the structure, but the horizontal resistance is well defined.
Commentaire:
Oil is NOT a short until the blue region is broken. This means the key level is around 40.50.
Commentaire:
I'm in - stop above high of candle with arrow
Trade fermée: ordre d’arrêt atteint
Transaction en cours:
Went short again at 40.90 - Stop at 42. This is my last attempt
Commentaire:
Working this time... Targeting green box first but exit will be trailed - tightening stops as it goes.
Commentaire:
At my target zone now. Stops adjusted will keep riding if it goes but I think it'll be bought up a bit here
Trade fermée: cible de profit atteinte:
Trailing stop triggered at target zone.
Commentaire:
Huge bounce off my target. Know your levels!!